OVERVIEW OF THE MEDICAL MARKET IN EGYPTThe new cabinet announced in Egypt shows few signs of reconciliation with supporters of the ousted government, and will do little to end the polarised state of the country's political scene BMI does not expect the interim government to make any major economic reforms, but they will be eager to improve social stability in order to attain legitimacy BMI expects parliamentary elections to be held by February 2014, with presidential elections following soon after

The private sector is experiencing a period of considerable growth, as Egyptians look for alternatives to declining standards in the public sector BMI Espicom estimates that Egypt is spending 4 8% of GDP on healthcare in 2013, equal to US$11 8bn Around 41 2% of the total is publicly sourced, while the remaining 58 8% is privately sourced

The Egyptian medical device market is the sixth largest in the Middle East & Africa, but per capita consumption is very low by regional and world standards Low per capita medical device expenditure indicates the enormous potential of this market in the long term Opportunities exist for medical companies to increase sales and market share In 2013, the market is estimated at US$484 7mn, equal to US$5 7 per capita The 2013-2018 CAGR is projected at 11 8% Egypt produces very little medicalequipment, so the vast majority of the market is supplied by imports, particularly from Germany, the Netherlands, the USA, China and Japan

Medical device imports increased by 19 8% in the 12 months up to March 2013, compared to the same period the previous year, rising to US$509 0mn Orthopaedic & prosthetic products increased the most, by 41 2%, to stand at US$36 3mn, followed by consumables which grew by 26 6% to US$92 6mn Patient aids experienced growth of 18 7% to reach US$48 0mn, while diagnostic imaging apparatus, the largest sector, increased by 15 9% to US$157 4mn Meanwhile, dental products comprised the only product area to experience a contraction, falling by 1 1% to US$25 5mn

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